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Conservatives set to be biggest party, according to exit poll
The Conservatives were on course to become the biggest party in a hung parliament, after a national exit poll suggested David Cameron could be on the verge of returning to Downing Street. The poll predicted that the Conservatives would win 316 seats, just short of the 323 seats needed for a Commons majority and much higher than predicted in pre-election opinion polls.
Companies and Markets
Self-driving truck starts journey to acceptance
When the Freightliner Inspiration truck leaves its parking place near the Las Vegas Speedway, Christian Urban, the driver, starts off as on any other trip, moving the steering wheel and operating the pedals. But when the truck is on the public road, a message on the dashboard tells Mr Urban that a program called Highway Pilot is ready to take over.
Tories out in front
David Cameron’s hopes of another five years in Downing Street were riding high last night as a shock exit poll put him only seven seats short of an overall majority. The poll put the Tories on 316 seats, a gain on their 2010 result, while Labour slipped back to 239, its worst result since 1987.
Leaders and kingmakers see early advantage on destiny day
After all the sleeve-rolling, fist-pumping and passion-injecting of the past few weeks, David Cameron looked quite content that the frantic criss-crossing of the country was finally over and he could go for a little walk with his wife.
Cheaper oil fuels soaring profits at Emirates
Emirates has done little to cool the row with US and European airlines over allegations that it is a state-subsidised airline feeding off cheap oil, after the Dubai-based carrier reported soaring profits and dividends.
Car sales accelerate as fleet buyers put foot down
The seemingly insatiable appetite for new cars should result in sales recordings being smashed this year. In April 185,778 new cars were registered, a rise of 5.1 per cent and the 39th straight month of growth. That takes new registrations this year to more than 920,000, up 6.4 per cent year on year.
Shock exit poll points to Conservative victory
David Cameron’s hopes of remaining Prime Minister were boosted last night when an exit poll showed the Conservatives were on course to be the largest party, with a decisive lead over Labour after yesterday’s general election. The poll for the BBC, ITV and Sky News said the Tories were set to win 316 seats in the new Parliament (up from 307 at the last election), with Labour on 239 (down from 258 last time); The Scottish National Party winning 58 of Scotland’s 59 seats (up from six); the Liberal Democrats with just 10 MPs (down from 57); Ukip with two MPs – its first at a general election; the Greens two (up from one) and Plaid Cymru four (up from three).
Rising oil prices to ECB fears: why the bond rout is toughest since 2011
Investors have suffered from a vicious rout across government bonds over the past week, as the global fixed income market lost $436bn (£286bn). The extreme correction has followed a tremendous rally in government bond prices, prompted by fears of deflation and central bank bond-buying schemes.
City & Finance
New cars hit high
New car sales for April hit a ten-year high, writes Ray Massey. A spring showroom surge saw UK registrations soar by 5.1pc to 185,778 cars, the best April performance since 2005 and the 38th consecutive month of growth, according to the Society of Manufacturers and Traders.